All Forum Posts by: Benjamin P.
Benjamin P. has started 5 posts and replied 9 times.
Post: How to find off market deals and subject to financing???
- Posts 9
- Votes 5
Hello,
I am 23 years old and I have 20k, how do you find off-market deals and David Greene mentioned subject to Financing where you assume the mortgage. Please Help! How do you find these
Post: Need someone to teach me how to do BRRR
- Posts 9
- Votes 5
Thanks
Post: Need someone to teach me how to do BRRR
- Posts 9
- Votes 5
Hello I am a new investor at 23 years old,
I have 20k and just wondering if someone can teach me how to do BRRR, I have the capital and just need the knowledge and how to look at deals.
For example, I found worth about 80k that is a quadruplex in a a little rough area, I can cash flow that property...I just need some guidance on how to analyze deals....also is it okay to buy in a rough area to start out.....
If there is anyone out there please respond! Thanks!
Post: HELP! Need a 10 yr GAME plan and strategy as a 23 year old! New Grad! To Build wealth
- Posts 9
- Votes 5
Quote from @Farley Youman:
Benjamin: The great news is that you are still young and want to learn.
Please consider the following as you come up with your 10 year plan:
-90 percent of millionaires are from real estate- not stocks. It is not because you cannot be a millionaire out of stocks- some people are wealthy from this angle. It is just that a lot of people lose from individual stocks. For most stocks, you need to have a worldwide knowledge.
To be successful in real estate, you only need to know 1 or 2 zip codes in Columbus or another city in GA and you will be set. I suggest you use around 10K to 15K to get a hard money loan set up at 100 percent funding (no money down) to renovate a property and then rent it out- but do not target making just enough to pay the mortgage. Target at least $500 above your loan amount.
Start slow Benjamin but learn. Remember my mantra- not location, location,location, but instead be cautious, cautious, cautious!
I will be glad to help you with your pursuits.
Thanks and lets connect
Post: HELP! Need a 10 yr GAME plan and strategy as a 23 year old! New Grad! To Build wealth
- Posts 9
- Votes 5
Lets connect and you can find me on social media, I also send you a message and gave you my phone number as well
ok, so like house hack for how long before I move on? Also, how long and what to do after
Post: LOOKING FOR a mentorship for a 23 year old investor
- Posts 9
- Votes 5
I WILL keep this short. I am Looking for a mentorship in the Georgia area!
I am 23 years old, me and my Dad have been investing together over the past 4 years in real-estate....we just closed on our first deal which was:
275k Home which we bought for 255k......That home is nice but does not cash flow and just pays the mortgage.
I need a strategy on how to build wealth over the next 10 years....I currently have around 40k in stocks and looking for some insight.
I am from the Columbus, GA area, and once I graduate college I will be making 44k a year.
Please answer!
Hey, I a
Hi, All Any strategies that I can do with 20k..thanks
Post: HELP! Need a 10 yr GAME plan and strategy as a 23 year old! New Grad! To Build wealth
- Posts 9
- Votes 5
I WILL keep this short.
I am 23 years old, me and my Dad have been investing together over the past 4 years in real-estate....we just closed on our first deal which was:
275k Home which we bought for 255k......That home is nice but does not cash flow and just pays the mortgage.
I need a strategy on how to build wealth over the next 10 years....I currently have around 40k in stocks and looking for some insight.
I am from the Columbus, GA area, and once I graduate college I will be making 44k a year.
Please answer!